The Australian economy performed slightly better than forecast in the June quarter, but it still showed weakness for both the three months and the 2023-24 financial year. The Australian Bureau of Statistics reported that GDP rose by 0.2% from the March quarter, seasonally adjusted, and by an annual rate of 1%. It grew 1.5% over […]
Transport services drag on GDP growth Read More »
Mid-tier gold miner Ramelius (ASX:RMS) plans another boost in exploration spending in 2024-25 as it looks to confirm new reserves around its core Mount Magnet area in Western Australia. In its annual reserves update filed with the ASX this week, Ramelius said it would spend between $40 million and $50 million this year on exploration
Ramelius to double exploration budget Read More »
To register for Friday’s webinar click here. Augustus Minerals (ASX:AUG) has announced that high grade copper rock chips assaying up to 3.1% and up to 11g/t silver have been identified from field work over a strike length of 1.1km at the Ti-Tree project. Mapping and field work is continuing to identify suitable drilling platforms for
Stocks of the Hour: Augustus Minerals, Marquee Resources, Lithium Australia Read More »
Australia’s gross domestic product (GDP) grew by 0.2 per cent in the second quarter of 2024, following a 0.1 per cent increase in the March quarter, aligning with Bloomberg’s forecasts but slightly below Reuters’ prediction of 0.3 per cent. On an annual basis, the economy expanded by 1 per cent, marking its slowest pace since
ASX down 1.68% near noon: Australia’s GDP grows 0.2% Read More »
Global investment titan Blackstone has snapped up Australian data centre giant AirTrunk for a whopping $23.5 billion. The deal, which marks the largest corporate transaction in Australia this year, underscores the insatiable appetite for data centres as artificial intelligence continues to reshape the technological landscape. AirTrunk founder Robin Khuda, a self-made billionaire, is set to rake
Blackstone bites into Aussie data centre Read More »
Packaging group, Orora (ASX:ORA), has agreed to sell its North American packaging solutions business to Veritev, a private equity-backed rival, for $1.78 billion. The deal comes a year after Orora paid $2.16 billion for French glass company, Saverglass. While Saverglass faced challenges following the acquisition, it now appears to be recovering. Orora announced to the
Orora sells North American unit Read More »
